Luckin Coffee (OTCMKTS:LKNCY) Posts Earnings Results, Beats Estimates By $0.10 EPS

Luckin Coffee (OTCMKTS:LKNCY) announced its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10, Zacks reports. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Luckin Coffee had a net margin of 7.23% and a return on equity of 28.50%.

Luckin Coffee Stock Performance

Shares of LKNCY stock opened at $34.15 on Thursday. The stock has a market capitalization of $9.79 billion, a P/E ratio of 21.34 and a beta of -0.37. The company has a 50 day moving average price of $33.85 and a 200 day moving average price of $35.45. Luckin Coffee has a fifty-two week low of $30.00 and a fifty-two week high of $43.64.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Luckin Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Luckin Coffee has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Luckin Coffee Company Profile

Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.

Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.